Oliver Lagore Vanvalin Investment Group Sells 106 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oliver Lagore Vanvalin Investment Group lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363 shares of the Internet television network’s stock after selling 106 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Netflix were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Netflix in the first quarter worth about $1,450,476,000. Jennison Associates LLC lifted its position in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new position in Netflix during the first quarter valued at approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Netflix during the 1st quarter valued at approximately $372,293,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $707.35 on Friday. The company has a market cap of $304.87 billion, a PE ratio of 49.09, a P/E/G ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $669.62 and its 200-day moving average price is $644.43.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.29 EPS. Sell-side analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $38,217.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The disclosure for this sale can be found here. Insiders have sold 202,020 shares of company stock worth $133,334,342 over the last quarter. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. TD Cowen raised their target price on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. UBS Group lifted their price objective on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Benchmark upped their target price on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research report on Tuesday, July 16th. Argus increased their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Finally, KeyCorp boosted their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $685.29.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.